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☆ A real estate investor who owns 3 properties explains why she chooses to rent instead of buy a primary home: It's 'a personal protection plan'
▼ + stars: | 2024-01-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Business Insider verified this by viewing a copy of her mortgage statement and a letter from the Housing Authority of Baltimore City showing the rent price. This story is available exclusively to Business Insider subscribers. "I'd rather buy investment properties and rent," the 44-year-old real-estate agent and investor told Business Insider. As she sees it, paying rent rather than a mortgage is "more so a personal protection plan." "There are both sides of the table," veteran real estate investor and developer Ricky Beliveau told Business Insider.

Persons: Nyasia Casey, Casey, who's, We'd, It's, Ricky Beliveau Organizations: Nyasia, Business, Housing Authority Locations: York City, Baltimore, Baltimore City, New York City, Casey's

☆ A financially independent real-estate investor shares his top book recommendation — and the success principle embedded in it that he lives by
▼ + stars: | 2023-11-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

A real-estate finance class he took during his senior year of college introduced him to the business side of real estate. Before, his definition of real estate was essentially, "the house that you live in," he told Insider. He subscribes to the " Real Estate Addicts " podcast hosted by two Boston-based investors, Ray Hurteau and Dan Rubin. As for his top book recommendation, it's " Sell It Like Serhant ," by real-estate broker, investor, and "Million Dollar Listing" star Ryan Serhant. In the book, Serhant describes this principle of having the most balls in the air as "a secret that gave me a huge advantage."

Persons: Ricky Beliveau, Beliveau, —, Ray Hurteau, Dan Rubin, it's, Ryan Serhant, Serhant, you've, He's, I'd Organizations: Northeastern University, Volnay Locations: Boston, Volnay Capital

☆ Real estate expert explains why 'buying a home is a liability' — and how to figure out if you should rent or buy
▼ + stars: | 2023-10-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

If you're financing the home, you're going to be paying a mortgage, he pointed out: "Yes, you are paying down principal." But, at the end of the day, a monthly mortgage payment is an expense. Of course, rent is a monthly expense as well, which begs the question: Do I rent or buy? "You're paying down a mortgage with rental income, not the cash out of your pocket. To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.

Persons: it's, Ricky Beliveau, Beliveau Organizations: V10 Development

☆ Real estate investor says interest rates are 'most likely at the top' and doesn't think it's a bad time to buy: If you can make a deal work in today's environment, it could be 'really lucrative when r
▼ + stars: | 2023-10-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +3 min

Higher rates mean higher mortgage payments for new buyers, which makes it more challenging and expensive to own a home. The economy is still strong and I think we are going to start seeing interest rate cuts in 2024 and 2025." That doesn't mean you have to wait to buy a property until then, he added: "There are still opportunities out there." "If a property you're buying makes sense with today's interest rates, it's going to be really lucrative when rates come back down," he said. And so now we're flipping the script: If a property works now, it's probably going to look a lot better in 2026."

Persons: haven't, Ricky Beliveau, Beliveau, you'll, it's Locations: Boston

☆ A 36-year-old real estate investor who owns hundreds of units acquired his first property months after graduating college. He shares the strategy he used to live for free in his first home.
▼ + stars: | 2023-10-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

As a college senior in 2010, Ricky Beliveau wrote a paper about how to invest in multi-family real estate. Six months after graduating, he used his capstone project as a blueprint to actually purchase a multi-family unit himself. He quit his day job in 2015 to go all-in on real estate. Today, at 36, he runs several real-estate related businesses, including Volnay Capital and EVO Real Estate Group. Consider what real estate investor Todd Baldwin did at the beginning of his career.

Persons: Ricky Beliveau, —, she'd, Beliveau, he'd, Todd Baldwin, Baldwin, it's Organizations: Northeastern University, Volnay Capital, EVO Real Estate Group Locations: Boston, Seattle , Washington

☆ A real estate developer who owns hundreds of units says the key to financial freedom is getting over the hurdle of buying your first rental property — and shares 2 strategies for getting started
▼ + stars: | 2023-10-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

His senior year of college, he enrolled in a real estate finance class and started learning about various property-investment strategies. He was particularly interested in multi-family real estate and focused his capstone project around it. By 2015, his real estate investing business reached a point of profitability where he felt comfortable quitting his finance job. Getting into real estate in today's market is "very hard," he said matter-of-factly. To achieve financial freedom, Beliveau stresses getting your first "rental asset" — not just your first rental unit.

Persons: Ricky Beliveau didn't, Beliveau, I'd, Ricky Beliveau, it's, didn't, It's Organizations: Volnay Capital, Wellington Management, Northeastern University Locations: Connecticut, Boston, today's

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